The Bitcoin 2024 conference ended a few days ago. It was a big deal. But was there a reason for that?
Bitcoin 2024 Summary
Bitcoin 2024 is behind us. For 3 days (day 1, day 2, day 3), over 400 people spoke on the conference stage in Nashville, the capital of Tennessee. This group included technology experts, financiers, and politicians.
For example, BlackRock expert Robbie Mitchnick talked about how the way of thinking about cryptocurrencies has changed:
When you think of bitcoin as an investment asset that has no counterparty, is not dependent on any country, and is ultimately scarce, then you start to see this shift in the way people look at bitcoin as a potential safe haven.
Bitcoin developer Jimmy Song also mentioned the essence of bitcoin:
What makes Bitcoin great is freedom, liberty, sovereignty. These are the foundations that this country (USA) was built on. Unfortunately, because of money (fiat), because of the printing of money, we have an administrative state that rules over us and thinks it is better than us.
Many people were waiting for Michael Saylor from MicroStrategy. He admitted that 2024 could go down in history as the “first year of widespread institutional adoption of bitcoin.” He admitted that many CEOs of large companies are asking him about BTC.
Since we’re on the subject of politicians… One of the most important representatives of this world who appeared on the scene was Robert F. Kennedy Jr., a candidate for the US president. He not only gave an interview to the podcast of the event, but also gave a lecture. He admitted that “most of his wealth is in bitcoin”. In addition, he promised that during his potential rule, the US will buy 550 BTC per day. The goal will be to buy 4 million BTC.
His vision was continued, as it were, by Senator Cynthia Lummis, who introduced her bill that would make bitcoin part of the Fed’s reserve. The authorities would buy BTC until it reaches 5% of the total supply, or about 1 million BTC.
Donald Trump
Of course, the most emotional speech was aroused by Donald Trump. He promised to “fire” Gary Gensler, the current head of the SEC, who has sued many blockchain companies. In addition, the Republican declared that during his administration, the US authorities will not sell more than 200,000 BTC that they own. As Lummis explained later, these bitcoins will become the basis of the Fed’s cryptocurrency reserve.
Is history happening?
The next edition of the Bitcoin conference will take place in a year. How to evaluate this year’s? It is certainly the most important event on the cryptocurrency market in 2024. But will it go down in history? The mere appearance of Trump in the place suggests that it will. The former and perhaps future US president spoke to BTC fans! If he also wins the election and fulfills his campaign promises, we will be able to say that “history is in the making” on Bitcoin 2024.
